2024 National Budget Roundtable & Panel Discussion
In a time of economic volatility and shifting paradigms, the study of exchange rate fluctuations in Nigeria has never been more crucial. As such this year’s annual National Budget Roundtable and Panel Discussion (NBR 2024), hosted by Covenant University’s Centre for Economic Policy and Development Research (CEPDeR), with distinguished organizations, aims to harness our collective expertise, foster dialogue, and develop sustainable solutions to the pressing economic challenges we face.
Various factors have contributed to the fluctuations in Nigeria’s exchange rate, including but not limited to global oil price fluctuations, which have a considerable influence on the country’s revenue due to its reliance on oil exports. Furthermore, issues such as high inflation rates, balance of payment deficits, political instability, and changes in monetary and fiscal policy have all played crucial roles in shaping the exchange rate dynamics in the country.
The recent shift towards the unification of exchange rate regimes and the removal of fuel subsidies have also introduced new dimensions to the exchange rate dynamics in Nigeria. These policy changes have led to distortions in the foreign exchange market, altering the effectiveness of national budgeting, demand and supply dynamics for foreign currency and impacting the value of the naira relative to other major currencies.
Considering all of these, CEPDeR’s forthcoming NBR themed “Exchange Rate Management and National Budgeting for Sustainable Development in Nigeria” is a beacon of hope.
Building on the success of five previous editions, this event brings together industry experts, policymakers from government parastatals, the private sector, researchers, and think tanks.
What to
Expect
Speakers/Panelists will discuss transformative strategies that can propel Nigeria toward a brighter economic future marked by stability and sustainable development. Expected speakers include:
- Dr Tope Kolade Fasua, The Special Adviser to the President on Economic Affairs
- Dr. Sola Oni, Dean, School of Management and Social Sciences, Pan-Atlantic University.
- Mr Nnamdi Nwizu, Co-Managing Partner/Founder, Commercio Partners
- Busola Jeje, Portfolio Manager, Cowrywise Financial Technology
CEPDeR’s NBR-2024 will cater to the following key themes, providing fresh insights to stakeholders in the Nigerian economy and Africa:
- Exchange Rate Management for effective National Budgeting
- – Exchange rate instability has significant impacts on developing countries, including Nigeria. Our program will explore strategies to stabilize exchange rates, mitigate volatility, and promote a conducive environment for investment.
- – We recognize that exchange rate fluctuations affect investment decisions, trade dynamics, inflation rates, national budget management and overall economic activities. By understanding these dynamics, we can develop effective policies to maintain stability.
- Capacity Building
- – Capacity building is essential for sustainable development. Our program will focus on enhancing the skills, knowledge, and capabilities of individuals, institutions, and policymakers.
- – Through collaborative efforts, we aim to empower stakeholders to make informed decisions, implement effective policies, and drive positive change.
- Sustainable Development in Nigeria
- – Nigeria faces multifaceted challenges related to poverty, health, education, and infrastructure. Our program aligns with the United Nations Sustainable Development Goals (SDGs) to address these issues.
- – By integrating sustainable practices into national budgeting and policy frameworks, we strive to create a resilient and inclusive society.
Participation Details
The event is FREE but interested participants must register to attend the event. For those attending online, the Zoom link will be sent to you after registration. Click the button below to register.